Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...
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The case of the missing scientific Indian -CP Rajendran
-The Hindu India has failed to propagate scientific literacy not only among the public, but also among scientists themselves This 75th year of Independence is a major milestone for India; a time to take stock of the developments in various spheres over the last seven decades. Sadly, with some notable exceptions such as this newspaper, the print and electronic media have not really taken stock of what has happened to science education...
More »RBI Bulletin: A big bang approach to PSB privatisation may do more harm than good
-Moneycontrol.com The study also suggests that market confidence tends to be in favour of PSBs in terms of crisis. The latest Reserve Bank of India (RBI) bulletin published on August 18 suggests that a big bang approach to privatisation of government-owned banks may do more harm than good. A paper published in the bulletin analyses various pros and cons of privatisation and identifies how an emerging economy like India may face more challenges...
More »Sahara India Group: Rs1.12 Lakh Crore of 129.6mn Investors Remains 'Stuck', Says Govt
-MoneyLife.in Nearly 130mn (million) investors have investments of over Rs1.12 lakh crore 'stuck' in six companies of the Sahara group. Market regulator Securities and Exchange Board of India (SEBI) has been facilitating the repayment of principal and interest to the investors who invested in optionally fully convertible debentures (OFCDs) of Sahara India Real Estate Corporation Ltd (SIRECL) and Sahara Housing Investment Corporation Ltd (SHICL), the Union government told the Lok Sabha. In...
More »UP: No Govt Funds for Mid-day Meals for over 3 Months, Headmasters Forced to Raise Money -Abdul Alim Jafri
-Newsclick.in The Education Department has attributed the delay in payment to the non-release of the funds by the state Finance Department. Lucknow: Government schools in Uttar Pradesh have reportedly not received any money for mid-day meals for the last three months, preventing some schools from serving food to children under the scheme. In a few schools, teachers and gram pradhan (village head) have been spending from their own pockets or buying rations...
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